Dan, I think I will defer your question to Ken,,he has a much better record with penny stocks than I..On the P&F chart, the stock broke a double bottom at $3.50 and is currently trading below the signal line. It appears to be holding a spread support point set in Jan. at $2.75,a break lower here and I would suspect it could hit the next support of $2.25 (where it broke through a double top in July) Resistance at $3.50
xocharts.com
Williams % appears to signaling a good buy in point
(-73),,money flow has turned up a bit, MACD far from crossing.
stockcharts.com[L,A]DEHLNYMY[PB50!B200!D20,2][VC60][IUK14!LA12,26,9!LC!LG]
Just a few observations,,I know nothing about the stock or it's FA.Still looks a bit risky, but then risk equals reward<g>..good luck,DD..hi ho, hi ho, it's off to foundation excavating I go<lol!!> |
